Cable Daily Perspective

7 lug 2015

As you can see we have been creating higher highs and higher lows since April 2015 which makes me assume we have a higher low in play, however price action is bearish with a break of the previous TL portraying weakness. If price action continues to be bearish without any signs of a reversal within the highlighted zones we can potentially see shorts to the areas of 1.52 and possibly 1.46. Any suggestions welcome.